Daily Republican., 1887-12-27
THE WOOL TRADE.

Juet1De, batSmbD 90 10, VI bAAs oi'St
have issued q circular of quotations
showing the free trade that Amerioar
wool would command In this market
ON the basis of today % prices IN Europe
IL President Cleveland's recom menos-
tions should be adopted.
TIE lowering Of prices would averAge
something over ten cents pound, ano
and the range OF reduction would De
from two to thirty cents,
In giving tho toEs OF the wool mareal
the circular says: Pending . c!sarff
insight into the effects upon the price
of wool of the probable course OF C0n
aress UPON the recommendations OF the
President with regard 10 admitting
wool free OF duty, the trade promises to
be dali, as few man ufacturers will havs
the temerity TO buy wool Ia advance OF
their wants.
Speaking OF importations, the clron
las ssys: ImportatioBs OF wool fell OF
~ October to 9, 9,389 760 pounds. against
13, ,723, ,515 pounds in October, 1888 The
falling off has bean in the carpet AND
conbiag woods only While the to!al
Imports of wool declined, the imports OF
the clothing clsss have Increased from
a08 6i2 pounds in October, 1856, 10
/ ,O85. 1884 pounds ia October, 1887
Prices for American wool now average
considerably lower on y secured bssis
than at this time last year, SnG below
tha relative coat of foreign raw wool,
hence the decline In iinportations OF TIE
latter. The depression IN the wool Ia
mainly owing to the competition o!
m NJ ufacturers with fcrsign mills oI
man ufactures OF wool, such as goods
arms, and such csrded aud Combed
secured wools as are admitted o:
wastes.
Mr. Theodore @. Search, in discuss
! ing the matter to-day, said that busi
ue,s Was In q deplorabls condition
'This year." said he, "ths importation
were eight times as great AZ last year
while hardly any mills IN this country
were running up to their average Ca
pacity. The consumption OF Goodi
showed no falling off The people con
sumed more goods than they over Did
aud tho jobbers and cloth houses solo
more, but tho American manufacturer
| did not make them. Our looms hav'
been idle, while Enelieh wools hav
been kept running.
These houses buy from abroad undel
the iniquitoue defects In the tariff revi
sion of 1888. Their agents on the othe
side write: How shall we invoice sou
goods? At what price will you hav
them shipped?' I know respectable
houses, m sn who are considered honor
able business men, who have the!
Roods imported at less than their yalu
and make 1t up In charges after thei
goods come out of the Custom House
What we want is legislation 10 enforc
the tariff provisions by imposing penal
, ties for NEUTRALITY-SUSPICIOUS.. When i'm
, porters are detected in 1t, az the css
stands nov, they simply call 1t an lie
) intentional mistake, and promptly pa
: up the deficiency in duty charges. Bu
} they 20 right ahead and do the sam
thing over again. It is only q qoestio
OF getting caught. and If they do gt
! caught they only find IL necessary to d
: what they should have done before the
were caught. II there was penalt
enforced by Congress, importers woul
/. not forget to value their goods accl
, rately more shaD once. Foreign good
are brought here at twenty per cen
lower than the American market IL
the same GLASS.
!; "Tbere is bill OF present under col
q sideration by the Congrsssiuo al su'
!. committee which is intended to me
|. this emergency. It provides peuaII
OF per cant. In exoess of the duty {
the entire invoice for tho first offeDt
ard absolute forfeiture for the secon
n offense. With law like that in optr
v tion, there would be very little of il
!. voieing goods beneath their commerci
~ value. 1t would remove the existir
deprsssion in woollen manufacture
circles.
ION tho question of competing vii
- foreign rates of wages paid III d
- woollen manufacturinS industry tho
= : ia an end to any controversy on Il
. topic in o single glance at the fso'
Factory employees Ia Am erica won
. stop dead still from Maine TO Oaliforni
= = q over the length aud breadth OF t
u United States, before they would co
y sent to be clothed, housed or fed Ii
the poor weavsrs and spinners in t
mills Of Austria, Germany or En
land."